Originating - The Mortgage Leader

Man Sentenced for Posing as Lawyer to Help With Mortgage Debt
A 61-year-old Newport Beach, Calif., man has received a four-year prison sentence for pretending to be an attorney and stealing from clients he promised to help with their mortgage payments, court documents show. So reports Patch.com.

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Originating (834)

Your Unique Selling Proposition is Key to Converting Candidates

Tuesday, 23 March 2021

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Written by Chris Frankie

It makes sense that, in order to attract candidates, you really have to answer the all important question: Why should I come to work for your company? With all the other choices out there, what… Read more...

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Lenders’ Biggest Dilemma: Invest in Training Or Be Replaced

Wednesday, 24 March 2021

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Written by Chris Frankie

In the last few weeks, nearly every conversation I’ve had with senior mortgage executives has centered on one of two issues: finding sales and processor talent, and delivering an excellent customer experience throughout the loan… Read more...

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press releases

Black Knight Buys Cloud-Based Mortgage Broker LOS from NexSpring

Thursday, 18 March 2021

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Written by Chris Frankie

Black Knight has acquired a cloud-based loan origination system (LOS) from NexSpring Financial to broaden its ability to serve mortgage brokers, the company announced. The new digital lending platform will be a key part of… Read more...

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lending

Rocket Mortgage Renames Michigan State Basketball Team

Thursday, 18 March 2021

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Written by Chris Frankie

Rocket Mortgage has announced a five-year sponsorship deal with the Michigan State University men’s basketball team, which will result in a longer name for the Big Ten squad. So reports The Detroit News. Read more...

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lending

PHH Mortgage Escapes Part of Loan Payoffs Class Action

Thursday, 18 March 2021

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Written by Chris Frankie

PHH Mortgage, a non-bank mortgage service and originator, doesn’t have to face a portion of a proposed class action about its accounting for insurance proceeds in loan payoff statements, a federal judge has ruled. That’s… Read more...

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lending

Florida Developer Owes $26M In Sprawling Fraud Scheme

Thursday, 18 March 2021

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Written by Chris Frankie

A judge has ordered South Florida developer Joseph Walsh Sr. to pay $26 million in connection with a 60-unit Royal Palm Beach office condominium. So reports The Real Deal. Read more...

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lending

Ask The Expert: More Strategies to Generate Referrals

Monday, 15 March 2021

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Written by Chris Frankie

In my last column, I answered a question from a "Struggling Loan Officer." Here are some more thoughts on the topic. Read more...

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originating

Are Your Originators Ready for a Purchase Money Market?

Monday, 15 March 2021

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Written by Chris Frankie

While mortgage rates are still historically low, many lenders were caught off guard when rates recently rose. They thought that interest rates wouldn’t increase until later in the year. Read more...

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originating

Fintech Startup Plaid Launches Income Verification Tool

Friday, 12 March 2021

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Written by Chris Frankie

Plaid has unveiled a new income verification offering, called Income, which aims to help people verify their income in order to qualify for mortgages and other big-ticket commitments. So reports TechCrunch. Read more...

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lending

Convicted Mortgage Fraudster Gets 21 Months for Auto Scam

Friday, 12 March 2021

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Written by Chris Frankie

A man who was previously convicted of mortgage fraud and was serving federal supervised release has received a 21-month prison sentence for his part in a separate auto loan scam, authorities said. So reports the… Read more...

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